Summit1
Level 5
06-08-2024
01:23 PM
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Dependent received a 1099-Q for a 2023 Distribution. Since they are still a Dependent, I assume this 1099-Q is reported on the parent's return. Is this correct? This Dependent is at least a half-time student living at home when not in classes and is 20 years old.
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Summit1
Level 5
06-08-2024
08:08 PM
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Thank you very much!
Arnold
Level 4
06-09-2024
01:21 PM
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If used for qualified education expenses it doesn’t have to be reported at all.